Blackham Resources Ltd: Presentation Mining 2016 Brisbane
24.08.2016 | ABN Newswire
Perth - Blackham Resources Ltd (ASX:BLK) are pleased to provide the latest Presentation at the Mining 2016 Conference including an update on the Company's projects.Matilda progress to date
- Mar 2014, acquired gold plant and mine and consolidated the Wiluna Goldfield
- Dec 2014, scoping study - Mineral Inventory 5.0Mt @ 2.8g/t for 454,000oz Au
- June 2015, BLK completed $38.5M deal with Orion Mine Finance
- DFS published in Feb 2016 and improved to June 2016
-- Mineral Inventory: 9.3Mt @ 2.9g/t for 873,000oz Au
-- Reserves: 7.0Mt @ 2.5g/t for 560,000oz Au
-- Very strong conversion of Mineral Inventory to Reserves
-- DFS completed within 7 months of receiving the funds from the Orion deal
- 5.1Moz of resource (48% indicated) - acquisition and exploration cost of >$6/oz
- June 2016 approvals & July 2016 Mining commenced
Matilda Development & Operating Plan
- Commencing safe efficient production this quarter
- Continue to improve and optimise operations and mine plan
- Further reserve upgrades expected with >4Moz resource outside the mine plan
- Finalise expansion plans to fully utilise vast and diversified resource base
To view tables and figures, please visit:
http://abnnewswire.net/lnk/85OZJMD1
About Blackham Resources Ltd:
Blackham Resources Limited (ASX:BLK), is an emerging gold producer focused on its Matilda Gold Project in Western Australia where mining and production is imminent. Matilda €™s resources of 48Mt @ 3.3g/t for 5.1Moz, all within a 20km radius of its gold plant currently being re-commissioned. The Matilda Gold Project incorporates over 780 square kilometres of tenements and cover around 55 kilometres of strike along the Wiluna and Coles Find Mine Sequences. The Project has historically produced 4.3 million ounces of gold.
Contact:
Bryan Dixon Managing Director
Blackham Resources Ltd
T: +61-8-9322-6418
E: info@blackhamresources.com.au
www.blackhamresources.com.au
David Tasker / Tony Dawe
Professional Public Relations
T: +61-8-9388-0944